SOURCE: The Bedford Report

The Bedford Report

November 30, 2010 11:25 ET

Could Natural Gas Finally Be Ready to Rebound?

The Bedford Report Provides Analyst Research on United States Natural Gas Fund & Exxon Mobil

NEW YORK, NY--(Marketwire - November 30, 2010) -  The price of natural gas has been struggling for a while largely due to a poor supply and demand outlook. Natural gas supplies have grown in recent years as new technologies have made it easier for producers to unlock previously unreachable reservoirs in onshore shale formations. Some natural gas producers have vowed to reduce natural gas drilling until the gas becomes more valuable; however, the chance of supply being greatly reduced is minimal. According to report from the US Energy Information Association (EIA) US natural gas production in 2010 should show a 2.5% increase from 2009 levels. The statistical arm of the Department of Energy also increased its 2011 production forecast by 0.4 billion cubic feet a day, to 60.77 billion cubic feet a day. The Bedford Report examines investing opportunities in natural gas and provides research reports on United States Natural Gas Fund (NYSE: UNG) and Exxon Mobil Corporation (NYSE: XOM). Access to the full company reports can be found at:

The changes in natural gas supply and demand recently led Exxon to suspended plans to build a floating liquefied natural gas import terminal off the New Jersey coast. According to Exxon spokesperson, Rachael L. Moore, "The natural gas supply and demand outlook for the region has changed since the BlueOcean Energy project was launched in 2007."

Exxon managed to post respectable earnings in the most recent quarter as higher crude oil prices helped offset lower natural gas prices.

The Bedford Report releases regular market updates on natural gas so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at and get exclusive access to our numerous analyst reports and industry newsletters.

Longer term, there is slightly more optimism surrounding natural gas. Analysts argue that the natural gas oversupply in the United States could make the nation a major natural gas exporter in the coming years. Demand for gas is soaring in Asia and other emerging markets as their economies expand.

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